Back
71· Active
Economics3h 23m ago
Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits.
Archive Window: 7 Days Left
India
Who
Reserve Bank of India (RBI) deputy governor Rohit Jain, bank CEOs, economists, bankers
What
Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits.
When
Sat, 13 Jun 2026 04:49:00 GMT · 3h 23m ago
Where
India ·
Why
The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) deposits, aimed at strengthening forex reserves and easing pressures on the rupee.
The Frontline Impact
How this affects you
The central bank's actions are designed to enhance India's foreign currency reserves and strengthen the Indian rupee, which had depreciated significantly, potentially attracting $30-70 billion in inflows and lifting the rupee to 92-93 levels.
Story chain
2 events in this thread- Economics3h 23m agoReserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits, highlighting the central bank's focus on boosting dollar inflows.Open article
- Currently Reading3h 23m agoReserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits.